The jackpot for the MEGA Millions draw on Tue May 26, 2026, is projected to be $311 Million, with an option for a cash payout of $136.4 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For New Mexico residents, the state will deduct 5.9% from your lottery earnings.
| New Mexico MEGA Millions Jackpot/Cash Option for Tue May 26, 2026 |
|---|
| Draw Date | Tue May 26, 2026 | | Projected Jackpot | $311,000,000 | | Cash Value | $136,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $136,400,000 | | Federal Tax(24%) | $32,736,000 | | Additional Federal Tax | $17,692,330 | | State Tax(5.9%) | $8,047,600 | | Net Lumpsum Payment | $77,924,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,680,861 |
$1,692,249
$276,171 |
$2,712,441 |
| 2 |
$4,915,044 |
$1,778,897
$289,988 |
$2,846,159 |
| 3 |
$5,160,734 |
$1,869,802
$304,483 |
$2,986,449 |
| 4 |
$5,418,864 |
$1,965,310
$319,713 |
$3,133,841 |
| 5 |
$5,689,745 |
$2,065,536
$335,695 |
$3,288,514 |
| 6 |
$5,974,310 |
$2,170,825
$352,484 |
$3,451,001 |
| 7 |
$6,272,870 |
$2,281,292
$370,099 |
$3,621,479 |
| 8 |
$6,586,669 |
$2,397,398
$388,613 |
$3,800,658 |
| 9 |
$6,916,018 |
$2,519,257
$408,045 |
$3,988,716 |
| 10 |
$7,261,850 |
$2,647,215
$428,449 |
$4,186,186 |
| 11 |
$7,624,787 |
$2,781,502
$449,862 |
$4,393,423 |
| 12 |
$8,006,073 |
$2,922,577
$472,358 |
$4,611,138 |
| 13 |
$8,406,330 |
$3,070,672
$495,973 |
$4,839,685 |
| 14 |
$8,826,802 |
$3,226,247
$520,781 |
$5,079,774 |
| 15 |
$9,268,111 |
$3,389,531
$546,819 |
$5,331,761 |
| 16 |
$9,731,501 |
$3,560,986
$574,159 |
$5,596,356 |
| 17 |
$10,217,905 |
$3,740,955
$602,856 |
$5,874,094 |
| 18 |
$10,728,878 |
$3,930,015
$633,004 |
$6,165,859 |
| 19 |
$11,265,353 |
$4,128,511
$664,656 |
$6,472,186 |
| 20 |
$11,828,574 |
$4,336,903
$697,886 |
$6,793,785 |
| 21 |
$12,420,096 |
$4,555,766
$732,786 |
$7,131,544 |
| 22 |
$13,041,163 |
$4,785,561
$769,429 |
$7,486,173 |
| 23 |
$13,693,019 |
$5,026,747
$807,888 |
$7,858,384 |
| 24 |
$14,377,841 |
$5,280,132
$848,293 |
$8,249,416 |
| 25 |
$15,096,562 |
$5,546,058
$890,697 |
$8,659,807 |
| 26 |
$15,851,670 |
$5,825,448
$935,249 |
$9,090,973 |
| 27 |
$16,644,098 |
$6,118,647
$982,002 |
$9,543,449 |
| 28 |
$17,476,334 |
$6,426,574
$1,031,104 |
$10,018,656 |
| 29 |
$18,350,244 |
$6,749,921
$1,082,664 |
$10,517,659 |
| 30 |
$19,267,694 |
$7,089,377
$1,136,794 |
$11,041,523 |
|
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